Fed move leads to fresh US fund inflows
The renewed influx of funds in US portfolios last week came at the expense of emerging markets portfolios which suffered outflows.
The US Federal ReserveÆs $200 billion liquidity pledge on March 11 triggered significant flows of fresh money into EPFR Global-tracked US equity and bond funds, financial sector funds and money market funds. Confidence appeared to be returning to US municipal bond funds last week, following the abysmal performance of US municipal bonds in February, as funds investing in this debt posted their largest weekly inflow this year, according to EPFR Global data. Based in Massachusetts, EPFR …
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